CS,
It's in fact a difficult concept. Tough to figure. Tough to wrap one's mind around.
In the July/August timeframe management formally painted the phantom float picture. Making plain the existence of the abusive goings-on to the relevant regulatory authorities. Bill Young telling us that there wasn't much the company could do about the whole of the ugliness. That the necessary documentation had been filed. That revenues and profit were the answer. Were the plan. With, in early September, the 1:100 consolidation being declared. The intent to consolidate the outstanding stock.
And adding it all up?
Well, we need consider the current reality. Harking back to June 11th in the process. The blogging. The follow-up FUD routine. And an accurate assessment? That some of those behind the abusive goings-on were the perpetrators? Having panicked? Preventing potential financial disaster for themselves?
And how about the appeals to the inside to 'legitimize'? How about the offshore angle? The Hong Kong connection? The talked about hundreds of millions of 'shares' originating.
One undefined entity was willing to step up to the plate to the tune of $9m. Seeking to 'legitimize'. Telling us that there is concern. A need of clearing up some ledger(s) somewhere. And extremely likely domestically. The $9m obviously a drop in that proverbial bucket compared to the ill-gotten gain in full. The full proceeds of the crime. And, despite, we have Bill Young telling us that there isn't much the company can do. With management declaring 1:100 intent.
Market level being on the verge of rocketing skyward. Far surpassing our interim High of $0.2851. No longer a matter of gross undervaluation. The big picture fully emerged. The undeniable. And the regulatory authorities are up close and personal. Having been so for some weeks. Being focused otherwise on a number of issues inclusive of far-reaching abusive shorting practices.
In June the train was successfully stopped. Stopped and reversed. A window of opportunity to seriously influence the gullible in evidence. Fear, uncertainty and doubt afoot. Lingering questions. But with the undeniable in evidence? Big picture fully emerged? That to wholly smile about?
Well, will it be the MOASS? Unable to repeat the June scenario the involved jump in? Covering massively? Or is it a matter of a controlled buy-in? All said and done as of this writing or soon to be so? In large part at least.
A difficult concept in the absolute. Tough to figure. To wrap one's mind around. No shortage of conflicting bits and pieces to try to factor in. One unable to reason the whole of it to any worthwhile degree.
What's graven in stone is that the fear, uncertainty and doubt window of opportunity is about to close in finality. The undeniable to emerge. The truth untwisted. No longer a case of lingering questions. No longer a facile task to play on people's weaknesses. Unable to repeat the June scenario.
My not having the answers.
Nor any other of the faithful longs.
But how about the inside? What difference has the recent regulatory attention made? A controlled buy-in? A negotiated settlement? And if no? Well, what then? A phantom float of potentially hundreds of millions left unaddressed? The continuation of the uphill battle?
Does such make sense?
Clear the company and its management team of any egregious wrongdoing, of any criminal activity, but leave the actual problem entirely unaddressed? Massive abuse? A flood of lies and deceit/distortion?
And with that said/asked?
Well, back in June market level had no problem whatsoever hitting our interim High of $0.2851. The buy-side strength still very much in evidence at the time. The existence of the phantom float not much impacting.
And we could certainly chat all night on the subject and still come up empty on the answers front.
Personally, as stated, it's not about mindless greed for me for one. It's about ROI as talked about. That which fits. An end to being grossly undervalued. Market level where it rightfully belongs at the very least. The effect of an applicable earnings multiple factored in.
Next trading week on the way.
That which I'm hearing will play host to indeed some answers.
Some long awaited one's
All the best.
AI
